Rheinmetall cuts outlook as weapons projects face delays

Rheinmetall has cut its full-year outlook after a major German vehicle order slipped into next year and delays affected its ammunition and missile activities.

The group now expects sales of around EUR 13.2 billion, down from its previous forecast of EUR 13.7–14.2 billion. Its expected operating margin has also been reduced from around 19 percent to around 18.5 percent.